You can see the negative divergence on the Awesome oscillator shown below. This indicates weakness....which is typical with tops and Ending Diagonals....if that's what's happening. My only issue, so far, is how to label this ED. The gray labeling shows another possibility where we will go down to 17350 for wave 4. With other global markets in bearish mode, it is hard to see how we'll make it up to the 19000 mark.
Comments
hussain9
⋅
we are going to the beginning of this E.D. Wave and the next is worse . Vampires are there .
willworknow
⋅
Yes...that snuck up on me.
StockBoardAsset
⋅
Dow Theorist are pounding the table for a correction, due to the negative divergence of Industrials/transportations.
hussain9
⋅
Very interesting? ED and dangerous at the same time . Every moment the dowi reached a new high I am asking myself !!! when this market would finally become exhausted ?? may be this ED is the answer .
we are going to the beginning of this E.D. Wave and the next is worse . Vampires are there .